(c) Discuss the ways in which budgets and the budgeting process can be used to motivate managers to
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(c) Calculate the theoretical ex rights price per share and the net funds to be raised by the rights issue, and
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(c) Discuss the difficulties that may be experienced by a small company which is seeking to obtain additional
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(b) Explain the meaning of the term ‘Efficient Market Hypothesis’ and discuss the implications for a company if
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2 (a) Discuss the nature of the financial objectives that may be set in a not-for-profit organisation such as a charity
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